AntonToo
Diamond Member
- Jun 13, 2016
- 31,726
- 9,308
^Big Mac study was based on bad math and you are also further misrepresenting it.
A Big Mac miss by The Huffington Post
Nice try. Different study.
Study: Raising wages to $15 an hour for limited-service restaurant employees would raise prices 4.3 percent - Purdue University
Look I'm all for busting up conservative bullshit about minimum wage but it's not just $0.17 for Big Macs - no way, no how.
From your link:
The purpose of this paper was to examine the effect that higher wages and health-care benefits have on costs and prices in limited-service restaurants. In order to compensate for higher wages, prices would have to increase between 4% and 25% and/or product size would have to be scaled back between 12% and 70%.